Blackstone acquires IDG for $1.3 Billion
By MYBRANDBOOK
Blackstone has acquired media and data company International Data Group (IDG) for $1.3 billion. The company had been owned by Chinese Oriental Rainbow, LLC, a subsidiary of China Oceanwide Holdings Group, Co. Ltd. Founded in 1964, IDG provides market intelligence for the fast-growing technology industry.
IDG owns tech analyst firm along with its tech publications including CIO, Computerworld, InfoWorld, Macworld, Network World, PCWorld and Tech Hive. Private equity fund Blackstone entered into a definitive agreement to acquire IDG from Oriental Rainbow, a subsidiary of China Oceanwide Holdings Group.
"The high-quality data, analytics, and insights IDG delivers to technology leaders are only becoming more critical as the pace of growth and innovation accelerates," said Peter Wallace, Global Head of Core Private Equity at Blackstone.
Mohamad Ali, CEO of IDG hopes that Blackstone can infuse more capital into the company to keep building on its software services with a data focus. “Additional capital investment from Blackstone will allow us to cultivate our rich history of innovation and accelerate our product roadmaps to bring our customers the deeper insights and data they need to succeed in today’s rapidly evolving digital economy,” Ali said in a statement.
As the content is going to be the future of the eco-system ,where the big tech companies are thriving ,they are including all the biggies you can named about. Media assets are going to be the sharp weapon for the every company into the social media and marketing organisations. Going forward, it’ll be country and Regional specific.
Recently, Verizon Media, which owns this publication along with Engadget, has entered an agreement to sell its media assets to private equity firm Apollo Global Management for $5 billion. Apollo will be paying Verizon $4.25 billion in cash, along with preferred interests of $750 million, and Verizon will keep 10% of the company.
BREAKING NEWS
TECHNO TRENDS
Indian Railways to use IoT-based technology to eliminate smell
The Railways Board has reportedly discussed testing Internet of Things (...
Google Wallet increases security by mandating a device unlock
Users of Google Wallet must now unlock their devices in order to complete...
Google releases Android 15 beta on Pixel devices for testing
Google has released the first beta version of the upcoming Android 15 ope...
Ashneer Grover plans to launch ZeroPe app
Ashneer Grover, former Managing Director and co-founder of BharatPe, is gea...
E-Magazine
TECHNOTAINMENT
Disney+ Hotstar wins the Best OTT Platform of the year
Film Critics Guild and Group M Motion Entertainment, in collaboration with
Miss World 2024: Krystyna Pyszková of the Czech Republic wins
Krystyna Pyszková of the Czech Republic has been crowned as the 71st Miss
MOVERS & SHAKERS
Brillio appoints Ashish Singh to its Board of Directors
Brillio has announced that Ashish Singh has been appointed to the companyâ
JSW One Platforms ropes in Dr Ranjan Pai as Independent Direct
JSW One Platforms, part of US$23 billion JSW Group has appointed Dr Ranjan
OPEN YOUR EYES
INTERVIEWS
Lenovo aims to solve customers' critical business needs throug
enovo recognizes the immense potential and the crucial role that technology
Autodesk investing in emerging Design & Make technologies to d
Autodesk partners with leading companies in a variety of industries, includ
HOT PICK
HP launches first laptop in India with Microsoft CoPilot butto
HPÂ has launched sleek and stylish Envy x360 14 laptops in India which beco
OnePlus debut its Nord CE4 smartphone
OnePlus Nord CE4 continues the trend of attention-grabbing design with two
MAKE IN INDIA BRANDS
RELIANCE JIO INFOCOMM LTD.
MATRIX COMSEC PVT. LTD.Â
IBALL WORLDWIDE PVT. LTD.
FINOLEX INDUSTRIES LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Bharat Goenka
Bharat Goenka is the Managing Director of Tally Solutions. He is well ...
Technology Icons Of India 2023: Sandip Patel
Sandip Patel is the Managing Director, IBM India/South Asia. He is res...
Technology Icons Of India 2023: Nandan Nilekani
Nandan Nilekani is the Co-Founder and Chairman of the Board, Infosys T...
PARTNER SPEAKERS
PSU
PGCIL transforming India with its wide power transmission network Â
Engaged in power transmission, POWERGRID or PGCIL is a stated owned In...
CSCs enabling rural India digitally empowered Â
Common service centres (CSCs) are digital access points under the Digi...
ITI Limited widening its focus area
ITI Limited is a public sector undertaking company, has manufacturing ...
VIDEOS
Top 25 Brands
Value-Added Distribution
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
